In re the Claim of Rolland

—Appeal from a decision of the Unemployment Insurance Appeal Board, filed May 25, 1995, which reduced claimant’s unemployment insurance benefit rate'.

After being involuntarily separated from his employment, claimant accepted the lump-sum amount of $35,468 from his employer-funded pension and rolled it over into an individual retirement account. Based upon claimant’s receipt of this lump-sum payment, the Unemployment Insurance Appeal Board reduced his unemployment insurance benefits pursuant to Labor Law § 600 (7). Claimant contends that because he was not eligible for retirement and rolled…